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Blockchain Quick Reference
book

Blockchain Quick Reference

by Brenn Hill, Samanyu Chopra, Paul Valencourt
August 2018
Beginner to intermediate
350 pages
11h 58m
English
Packt Publishing
Content preview from Blockchain Quick Reference

ICO 101

ICO stands for Initial Coin Offering, also called a token sale or initial token offering. An ICO is an event where a new blockchain project raises money by offering network tokens to potential buyers. Unlike IPOs, no equity is for sale. Buyers receive tokens on the network but do not own the underlying project intellectual property, legal ownership, or other traditional equity traits unless specifically promised as part of the sale. The expectation of profit (if there is one) comes from holding the token itself. If demand for use of the new network increases, then presumably so will the value of owning the token.

In this chapter, we are going to cover ICOs, how they came about, and the critical aspects that happen as part of executing ...

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Publisher Resources

ISBN: 9781788995788